The purchase agreement of Eddie Lampert approved by Sears and a second life for the retailer



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Edward Lampert speaks at a press conference to announce the merger of Kmart and Sears in New York on Wednesday, November 17, 2004.

Gregory Bull | AP

Edward Lampert speaks at a press conference to announce the merger of Kmart and Sears in New York on Wednesday, November 17, 2004.

A new lifeline was granted to Sears on Thursday, its sale to President Eddie Lampert, through the intermediary of a member of its hedge fund, ESL Investments, was approved by Justice Robert Drain.

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